Bloomberg Walmart Inc is looking to sell more sustainable debt amid pressure for the retail industry to reduce its carbon emissions. The world’s biggest retailer made its debut in the green bond market in September with a $2 billion offering, the largest ever from a US corporation. The transaction was part of $7 billion bond sale spread across five parts ...
Read More »US to China: Halt ‘provocative’ military moves on Taiwan
Bloomberg The US called on China to halt its “provocative†pressure on Taiwan after a record number of daily incursions by Chinese warplanes, saying the military actions are destabilising and risk leading to “miscalculations.†“The US commitment to Taiwan is rock solid and contributes to the maintenance of peace and stability across the Taiwan Strait and within the region,†State ...
Read More »North Korea condemns UN Security Council’s meeting on missile tests
Bloomberg North Korea denounced a closed-door UN Security Council meeting that found recent missile tests by the secretive nation were a violation of the UN resolution, saying it’s an encroachment on the country’s sovereignty. The missile tests were “conducted thoroughly in the territorial land, air and seas†of North Korea an in open seas and “never posed threats or harm†...
Read More »Czech PM’s party holds poll lead before elections
Bloomberg Czech Prime Minister Andrej Babis’s ANO party looked the favourite to garner the most votes in next week’s general elections, retaining its lead in a new opinion poll. No single party or coalition is likely to win an outright majority in the October 8-9 ballot, according to the survey of 1,247 people carried out on September 24-30 by pollster ...
Read More »S’pore minister pledges clear messaging on virus
Bloomberg The Singapore government can do a better job communicating the country’s virus strategy, a minister said, addressing residents’ frustrations over confusing signals on its reopening plan. The country of about 5.5 million people has shifted its approach from Covid elimination to trying to live with the virus, yet authorities have tightened restrictions on gatherings, restaurants and businesses even after ...
Read More »Algeria shuts airspace to French army planes over feud
Bloomberg Algeria closed its airspace to French military planes, escalating a row between the North African nation and its former colonial ruler over comments attributed to President Emmanuel Macron. Two planned logistical support flights heading to Africa’s Sahel region were denied permission to cross Algeria on Sunday and have been postponed, according to French army spokesman Colonel Pascal Ianni. The ...
Read More »Czechs vow to hike rates further after boldest move in 24 years
Bloomberg The Czech central bank pledged to keep raising borrowing costs after lifting interest rates by the most in nearly a quarter century, pushing the koruna higher and angering the government with the European Union’s most aggressive anti-inflationary campaign. Policy makers increased the benchmark rate by 75 basis points to 1.5%, exceeding expectations for a half-point increase. The move followed ...
Read More »Citi sees India raising reverse repo rate at next week’s review
Bloomberg Citigroup Inc predicts India’s central bank will raise its reverse repo rate next week rather than the December increase expected earlier, becoming one of the first big banks to forecast the rollback of emergency measures as growth recovers and inflation expectations stay high. Governor Shaktikanta Das will probably announce on October 8 a 15 basis point increase in the ...
Read More »Ukraine central bank looks to hryvnia rally to tame inflation
Bloomberg Ukraine’s central bank won’t stand in the way of the hryvnia’s rally as it’s helping keep a lid on the country’s double-digit inflation, central bank Deputy Governor Serhiy Nikolaychuk said. With a 6.5% gain against the dollar this year, the currency is among the world’s best performers and beats all of its east European peers, most of which have ...
Read More »Hong Kong asks banks to report exposure to Evergrande Group
Bloomberg Hong Kong’s central bank asked lenders to report their exposure to debt-laden China Evergrande Group on concern over potential systemic risks to the region’s financial system, according to people familiar with the matter. The Hong Kong Monetary Authority (HKMA) queried lenders in the city, giving them 24 hours to respond on their financial commitments to China’s most indebted developer, ...
Read More »